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To: Red Steel
“Twenty-five percent tax on China, unless they behave,” he said.

That is just the dumbest thing I've heard in a while.

First, that 25% tax comes out of American pockets. If you raise the cost of Chinese products by 25%, who else pays but us. Or, you can keep on wearing those ratty drawers until you have 25% more money to pay for a new pair. Same for many, many other consumer goods. If you like the idea that most of Walmart’s prices will increase substantially, then you will love this tax, er, tariff.

Second, does he think the Chinese will not retaliate?

They would NEVER sell off US debt to create a US financial crisis. They would never dump the Dollar to create a world monetary crisis. They'd never cut rare metals exports to disrupt US high tech manufacturing. I'm sure they wouldn't enact their own tariffs on US goods, either.

Naw, they would never do that?

Here we have Trump blaming China for our lousy economy. Does ANYBODY here really believe that?

China had ZERO to do with the housing/mortgage crisis. That was home grown by Dodd, Frank, Freddie, Fanny, & Co.

China has Zero to do with unemployment. Our expat businesses didn't pack up & move to Asia because of China. They did it because doing business, especially manufacturing, in the USA is not profitable, which is over taxed & regulated. Oil workers are idle in the USA because of Obama & Co. Businesses are not hiring for the same reason.

China did not create the massive US debt, our Congress & successive Presidents did.

“The Donald” is playing the same old blame game so well loved by the Liberal, victim class. What nonsense!

32 posted on 04/01/2011 6:28:16 PM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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To: Mister Da
China had ZERO to do with the housing/mortgage crisis.

Oh, on the contrary, China having plowed their billions of dollars back into treasuries depressed the benchmark for mortgage rates, artificially stimulating demand.

33 posted on 04/01/2011 6:34:43 PM PDT by RegulatorCountry
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